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Canada Building Permits: March 2017

Canada Building Permits: March 2017

The value of building permits issued by Canadian municipalities fell 5.8 per cent to $7 billion in March, marking a second consecutive monthly decrease, said Statistics Canada May 9. Nationally, the decline was mainly the result of lower construction intentions for multi-family dwellings, particularly in British Columbia and Ontario. All provinces and territories, except Ontario and Quebec, registered decreases in the total value of building permits in March. Canada Building Permits: March 2017 Municipalities issued $4.6 billion worth of residential…

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US New and Pending Home Sales: March 2017

US New and Pending Home Sales: March 2017

US sales of new homes shot up in March to the fastest pace in 8 months, the Commerce Department said April 27. Meanwhile according to the National Association of Realtors Friday, US pending home sales in March 2017 maintained their recent high level, but momentum slackened slightly in most of the country as dearth supply weighed on activity. Home Sales, US The US Commerce Department said this past week that new-home sales rose 5.8 per cent last month to a…

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Canada Investment in New Housing Construction

Canada Investment in New Housing Construction

New housing construction investment in Canada totalled $4 billion in February, an increase of 6.4 per cent compared with the same month in 2016, said Statistics Canada Friday. Spending on single-family dwellings led the ad- vance at the national level. Spending was up in five provinces in February, compared with the same month one year earlier. The national increase was largely the result of higher investment in Ontario and, to a lesser extent, in British Columbia and Manitoba. The largest…

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Apartment Vacancy Rate, US: 2Q 2105

Apartment Vacancy Rate, US: 2Q 2105

Reis reported Thursday that the US apartment vacancy rate was unchanged at 4.2 per cent during the second quarter with construction and net absorption effectively in balance. This is compared to 4.2 per cent in 1Q. In 2Q 2014 the rate was also 42 per cent. The vacancy rate peaked at 8 per cent at the end of 2009 and is mostly moving sideways now. As completions catchup with starts, the vacancy rate will probably start increasing, said Reis.

US All-Cash Home Sales: February 2015

US All-Cash Home Sales: February 2015

According to CoreLogic Wednesday, cash sales of US homes made up 37.9 per cent of total sales nationally in February 2015, down from 40.6 per cent in February 2014. February is the 26th consecutive month of declines. Home Sales, US Month over month, the share of all-cash home sales fell by 1 percentage point, said Corelogic Wednesday. Due to seasonality in the housing market, cash sales share comparisons should be made on a year-over-year basis. The cash sales share peak…

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US Housing Affordability Edges Up

US Housing Affordability Edges Up

Slightly lower interest rates and home prices in markets across the country contributed to a slight increase in nationwide housing affordability in 4Q 2014, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index Thursday.  In all, 62.8 per cent of new and existing homes sold between the beginning of October and end of December were affordable to families earning the US median income of US$63,900.   The Index in 3Q was 61.8 per cent. The national median home…

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NMHC: Apartment Market Conditions Slightly Tighter in January Survey

NMHC: Apartment Market Conditions Slightly Tighter in January Survey

Apartment markets expanded in three of four areas in the January National Multifamily Housing Council (NMHC) Quarterly Survey of Apartment Market Conditions, indicating a slight moderation of the pace of improvement. Only the sales volume index (44) dropped below 50, with market tightness (51), equity financing (55) and debt financing (71) showing continued expansion. From the National Multi Housing Council (NMHC): Apartment Markets Moderate Slightly in January NMHC Quarterly Survey The Market Tightness Index fell from 52 to 51. More…

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US Home Sales

US Home Sales

New-home sales in the US fell in June and May’s reading was revised significantly lower, the Commerce Department said Thursday. Sales of new single-family homes fell 8.1 per cent from May to a seasonally adjusted annual rate of 406,000, Meanwhile, May sales were revised down to a rate of 442,000 from a previously estimated 504,000. The initial May reading would have been the strongest pace since the recovery began, but the revised figure isn’t even the best of the year….

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US Housing Market : Jan – June 2014

US Housing Market : Jan – June 2014

New data on US housing inventory, home prices and sales, and distressed mortgages was released this week. Mixed messages from US housing data released in June are being studied by home buyers, sellers, and industry experts. Mid-year releases issued from the National Association of Realtors, S&P/Case Shiller, Trulia, and other housing analysts show that the housing recovery is on track. Other reports issued simultaneously indicate that the US housing recovery has slowed. Both are accurate; signals are mixed.   US…

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Japan Housing Starts : December and Full-Year 2013

Japan Housing Starts : December and Full-Year 2013

Total 2013 housing starts in Japan recovered to 980,025 units, up from a low in 2009 of 788,000 units, said the Japan Lumber Reports Friday. This compares to 834,117 total starts for 2011, according to the February 12, 2012 issue of the Reports. That year starts improved by 2.6 per cent over 2010.     Condominium starts were 127,000 units, a 3.6 per cent increase over the previous year. In total for  2013, units built for owners increased by almost 14…

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